HSBC - Which branches are 'in the know'
 

I was wondering if anyone knew anything about the HSBC person mentioned on the FTE (Jerez) site (FTE) - i.e. is he still about, and is he one of the better people to talk to about getting 60k for Jerez.

Having searched other threads, I know there are a couple of other branches out there who understand the situation, but was wondering if anyone had phone numbers, contacts, or branches that were especially good.

I'm currently trying to work out where to get the 60k from having been "half" selected by Britannia for their sponsorship course. Didn't get the sponsorship, but they will have me on the course if I fund it myself.

Any advice more than welcome.

Many thanks

NW3

Well done NW3.

What an opportunity you have. Not sure on exact details but from reading these threads I understand that the Oxford (Kidlington ?) branch are used to this as they deal with the OAT students. Not sure which branch the CTC students deal with but someone on here may know.

With the backing of a good company like Brits, I would imagine you will have a better than average chance of persuading them to lend you the money.

Good luck

NHF

I popped into my local HSBC branch (Sevenoaks) and asked for information about professional development loans.

I received a leaflet, opened it and there was mentioned 'loans for CPL training'

These people seem to understand the funding needs of wouldbe pilots!

Good luck

CTC use the HSBC branch at Hyth near Southampton. Forgotten the guy's name.

How many people are looking for full sponsorship?
 

I'm interested in how many people are aiming for full sponsorship, maybe i'm the stupid one here (quite likely), but isnt it better to look at working for few years trying to build some cash up.
The only reasons I can come up with so far are; lazyness or working in low quality jobs not being good for the Ego.

I at the moment am quite sure that I would be eligable for the loan but I want to work to get qualified to prove to myself whether I really want to do it. I actually have not really looked at the long term plan but have just taken to trying to afford to get ATPL's CPL/IR and MCC then see about training to become a commercial pilot then (because I assume thats when the training starts), I am just assuming the qualification as a licence to learn.

I am at the moment working away 9 months a year on general cargo ships with illegal hours etc, working xmas day.

I am the crazy one, or the guys taking 60,000 out in their name so that they can be qualified to begin training as a pilot.


(Also have noticed a lot of silly questions asked on the groups by people that I think would be better off walking into a flying club and talking to someone for five minutes, or are they too lazy to do that too)


N.B This post is probably only aimed at a minority, but i've been reading the forums for a long time and this had built up on me...

HSBC
 

I have a loan for £63,000 with HSBC. Just about to start my fATPL training. The repayments are £870/month for 100 months after the course. Interest rates look like they are going uo too! A personal guarantee was required

With no degree, I just hope theres a job waiting! If not, then McDonalds it'll be for 8 years! But if your that dedictaed, the risk is well worth it.

For some of us, the reason for going for full sponsorship is that:

a) Time is running out when one might be considered for a first job.

b) Current work does not pay enough to allow saving for funding... and taking an intermediate career is not really an option.

I am sure that for veterans of pprune, this may seem annoying, but for newbies it is dead interesting. (Desperate attempt to make self flameproof.)


John

Speak to Ian Kelly of the Bracknell High Street branch.

To get hold of him call the HSBC call centre and they will put you through.

Good Luck!:ok:

This post is extremely interesting to read as I too am looking for funding.And I did remember HSBC being mentioned before.

Regards

£870 pounds per month! If there is no job you will need to do more than work in McD's for 8 years :{
Good luck to you anyway Habcer and the rest of you that decide to take out a loan of that magnitude. Im sticking with modualr and toying with the idea of going to Canada tocomplete my training. I would like to do some flying out there for a while.

Well guys, I thought getting the ATPL and flying Biz-jets meant I had made it. Was I in for a shock, Just joined the orange brigade and had to fork out another£23,000 for a type rating. seems it never stops. Had to arrange with Linda Lovelace at the Hythe Branch of HSBC as they are the only branch that deal with the CTC scheme.

17 The Marsh
Hythe
Southampton
SO45 6ZB

And good luck, the view out of the office window means it's all worth it!!:ok:

NW3 - I was given the contact of Janet Newman 01202 453102 she is based in Bournemouth but can advise you where to go nearer you!

Cheers

£870 per month!!
 

Thats unbelievable!

I'm plodding along the modular route, working full time and often get annoyed that I'm taking so bl**dy long to get bits complete, but all of a sudden it doesn't look so bad!

Admittedly I don't have the pressure of age (25 at the moment and should be finished in next 2 years). Despite working I don't seem to be saving as such for any of the modules, I can just about afford to stay current, therefore a loan will be required for the MEIR / MCC modules. But £870 month for 8 years is a very big milstone around your neck... I hope it works out for you!

Sorry for thread hijacking......

GQ

I visited the Slough High Street branch a few weeks ago.

I didn't have an appointment, as I was only making a provisional enquiry, but a manager did come to speak to me (bit of relief I think from the asylum seekers). He said that he did know about the loans for the CPL course as they had done them before but, bearing in mind I am 29 have 10 years aviation experience and earn a fairly decent salary, can take 12 months out and still go back to my airline job and also have property to put up for security, they said I would need to put on £10K of my own money !!!.

Yeah, like I have that saved....... :(

He also said you need to be a customer of HSBC for at least 6 months and use them for your main bank account before they will consider you.

;)

Forgive me if I'm incorrect by saying this, but do you not need to apply for the loan at your own HSBC branch?
I have been making enquiries about the Professional Studies loan too but was told that the decision to give me the money would be up to the manager of my own branch.
Is it possible to just contact one of the 'in the know' branches/managers to arrange the loan?

Would appreciate any comments/stories that people have regarding this.

Matthew

I currently bank with Barclays, and would therefore have to move to HSBC, and consequently to the branch of the manager I go and see. If you're already an HSBC customer I'm not quite sure!

NW3

Fingers crossed I'm away in on Thursady to speak to them!!:ugh:

heinzmanm
You don't need to apply to your own branch, My branch didn't have a clue as to what the loan was all about so i went to the city centre branch and got approved.
I had over 2 ys banking history with them, a PPL and flying experience as well as some savings. I think that helped.

Capt.Manuvar - Thanks!

My parents have kindly offered to act as guarantors for my loan so I'm not expecting any real problems. I've also done a business plan which outlines my course costs, career plans etc. so hopefully they'll be kind to me!
Following your advice, I think it would be better to approach one of the branches that are a bit more used to CPL loans.
Out of interest, which one did you use?

Matthew

Hi,

I managed to borrow £39k from HSBC Hertford branch, in Hertfordshire. When I first applied they didn't know a great deal about the professional studies loan - Well they do now!

I presented a business plan and my father agreed to be the guarantor which helped. I did not bank with HSBC before I took out the loan and had to close down my Barclays current account, which I think is a condition of the loan. Contact there is Helena Grubb 01992 903006 - very helpful.

7-z-7